REPUBLIC PICTURES CORP <RPICA> 4TH QTR LOSS
  Oper shr loss two cts vs profit eight cts
      Oper net loss 77,000 vs profit 285,000
      Revs 3,781,000 vs 4,721,000
      Year
      Oper shr profit 23 cts vs profit 26 cts
      Oper net profit 904,00 vs profit 952,000
      Revs 19.0 mln vs 15.1 mln
      Note: Current qtr and year figures exclude losses from
  discontinued operations of 303,000 dlrs, or seven cts per share
  and 354,000 dlrs, or nine cts per share, respectively.
      Net earnings for first three months of 1986 restated to
  reflect reduction of 148,000 dlrs resulting from increase in
  effvective income tax rate.